June 1st, 2009
06:00 PM ET

Is American capitalism dead?

FROM CNN's Jack Cafferty:

American capitalism is disappearing with "barely a whimper" from the public - according to the online edition of the Russian news agency Pravda. They write that the U.S. descent into Marxism is happening with breathtaking speed.

First they say the population was dumbed down through a substandard education system based on pop culture - instead of the classics. They write Americans' faith in God was destroyed until its churches became little more than "Sunday circuses."

And, Pravda says the final collapse came with the election of President Obama - who has been spending and printing money at a record pace. They also mention the president's desire to redesign the tax system and cap executive salaries; and note how he forced the former CEO of General Motors to step down.

Speaking of GM, President Obama announced today that the government will become a "reluctant shareholder" when it assumes a 60-percent stake in the new auto company. President Obama insists he has no interest in running GM.

Nonetheless, the government's stake in GM comes after a much smaller ownership of Chrysler - along with significant federal equity in banks, the insurance giant AIG and two mortgage industry giants. Not exactly old-school capitalism.

Republicans say the government is "firmly in the business of running companies using taxpayer dollars," and question how Washington bureaucrats can make a huge corporation profitable. They want the administration to explain its exit strategy.

Here’s my question to you: Is American capitalism dead?

Interested to know which ones made it on air?


Filed under: Economy
June 1st, 2009
05:00 PM ET

Sotomayor's comments enough to derail nomination?

FROM CNN's Jack Cafferty:

Republican senators are voicing skepticism when it comes to President Obama's Supreme Court nominee... although they are, thankfully, staying away from the hateful language of Rush Limbaugh and Newt Gingrich.

If approved, Sonia Sotomayor will be the first Hispanic and the thrid woman ever to serve on the Supreme Court.

Republicans point to Sonia Sotomayor's strong legal background... yet say they're concerned about speeches she's made about a judge's decisions being affected by life experiences. The one comment that's getting the most attention is when Sotomayor said in 2001 that "a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male."

The top Republican on the Senate Judiciary Committee, Jeff Sessions, says: "It goes against the heart of the great American heritage of an independent judge." And Senator Lindsey Graham calls the remarks troubling and inappropriate, and says Sotomayor should apologize.

Well - it seems the White House has gotten the message that the judge's remarks could be a pretty big deal. The president himself came out to say he's sure Sotomayor would restate that comment - without indicating how he knows that. Mr. Obama says if you look at the judge's full comments, she was saying that her life experiences will help her understand peoples' struggles and will make her a good judge.

Sotomayor appears headed for confirmation, but the White House wants more than a slim majority; they're hoping for a smooth confirmation and a strong win - something that may be complicated by the judge's remarks.

Here’s my question to you: Will Sonia Sotomayor's comment about "a Latina woman vs. a white man" be enough to derail her Supreme Court nomination?

Interested to know which ones made it on air?


Filed under: Sonia Sotomayor • Supreme Court
June 1st, 2009
04:00 PM ET

Should taxpayer money cover Obamas' NYC date night?


Patrons at a restaurant across from the Belasco Theater peer out of the windows at the theater where the President and First Lady attended a show Saturday in Manhattan. (PHOTO CREDIT: MANDEL NGAN/AFP/Getty Images)

FROM CNN's Jack Cafferty:

President Obama made good on a campaign promise Saturday night... by taking his wife on a date to New York City.

The president says he promised his wife he would "take her to a Broadway show after it was all finished."

Mr. Obama and the First Lady flew from Washington to New York on a Gulfstream jet, then took a helicopter from the Marine One fleet from JFK airport into Manhattan. The first couple dined in the Village and then headed to Times Square, where they saw "Joe Turner's Come and Gone" - a show about a man coming to terms with the history of slavery.

New Yorkers seemed to love it all, with crowds eight-deep in places, but critics are accusing the president of insensitivity. The Republican National Committee says as the president prepared to "wing into Manhattan's theater district," GM prepared to file bankruptcy and families across America continue to struggle to pay their bills. They added that if President Obama wanted to go to the theater... why wasn't the presidential box at the Kennedy Center good enough?

The president paid for dinner and the show tickets, but the rest of the bill will land on the taxpayers; and The White House hasn't said yet how much that is. They cited fuel efficiency - saying instead of taking the larger Air Force One, the president and first lady took a smaller plane. There were two other planes carrying media and staff.

Here’s my question to you: Should taxpayers pick up the bill for the Obamas' date night in New York?

Interested to know which ones made it on air?